Govt plans flexible mode for financing leasing of aircraft

Budget 2024-25 promotes aircraft, ship leasing, and MRO. Finance Minister Sitharaman cites 28 aircraft lessors in GIFT City. Kinjal Shah and Thales' Saraf support export extension from six months to one year, re-import time from three to five years, 5% GST rate, and specific timelines, boosting MRO and positioning India as a hub for South Asian airlines.